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The 2021 demand and supply curves for softwood lumber in Canada are as follows: P = $ 300 - Q D Can + Potts (1)
The 2021 demand and supply curves for softwood lumber in Canada are as follows:
P = $ 300 - QD Can +Potts (1)
P = $ 60 + 2QS Can (2)
where QD Can +Potts is the demand in Canada by Canadian and Pottsvillian consumers for softwood lumber.
As a result of softwood producers lobbying by Pottsvillian producers, in 2022 Pottsville will no longer purchase Canadian softwood. The Pottsvillian demand for Canadian softwood is given by
P = 240- 2QdPotts (10)
What are the economic effects of US softwood no longer being sold in Canada?
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